Trump's Tariff Plan Coul 'Break The Progress' On Disinflation, Says CEO Of IIF

Benzinga

Donald Trump’s proposal for extreme tariffs could derail the current path of disinflation and push interest rates higher, according to Tim Adams, CEO of the Institute of International Finance. Trump’s plan, which includes a 20% tariff on all goods from all countries and a higher 60% rate on Chinese imports, is seen as inflationary by analysts. Adams told CNBC that these tariffs would break the progress on price stability. While Trump argues the tariffs would encourage companies to build factories in the U.S., experts warn the overall package would drive inflation upward.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:03Donald Trump's proposal for extreme tariffs could derail the current path of disinflation

00:07and push interest rates higher, according to Tim Adams, CEO of the Institute of International

00:12Finance. Trump's plan, which includes a 20 percent tariff on all goods from all countries

00:17and a higher 60 percent rate on Chinese imports, is seen as inflationary by analysts. Adams told

00:23CNBC that these tariffs would break the progress on price stability. While Trump argues that

00:28tariffs would encourage companies to build factories in the U.S., experts warn the overall

00:33package would drive inflation upward. For all things money, visit Benzinga.com slash GSTV.

Category

Transcript

Comments

Recommended